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Circuit City Shutting Down Stores |
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Monday, 20 October 2008 |
 This is a huge computer store – they have exactly 150 stores nationwide and they have made plans to shut down some of their stores to avoid bankruptcy. It seems that the US economy is taking its toll on their business economy and as the result – public listed companies like Circuit City gets a huge beating.
Share prices for this computer stores earlier this year were ranging from $6 to $8 a share – but it has fallen to just a mere 40 cents now.
Let’s hope that they do get through the economic crisis.
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